With all your assets, Investing in Bitcoin is really a madness or beneficial ? - page 6.

wahyu wida

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Quote from: isaac_clarke22 on August 23, 2021, 06:02:16 AM

Quote from: bittraffic on August 21, 2021, 12:00:54 PM

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For me, I can afford to have 2 jobs to support myself till the next bull run, which I think will make me richer when it happens. However, there will be a lot of waiting but I wouldn't be regretting once price already up there.

Because it is true. Not everyone has two jobs that can do more than the sustainable level as you and just directly investing to crypto would lead some people to have their emotions. It is not about being pessimistic about the price, but it is all about one's wise decision in investing. You never want your car sold only to invest it all in crypto thinking that you'll just earn a lot within a week, like those 80x that people claim at social media which are lies lies lies.

It's never too late to buy, just don't commit it all to crypto especially Bitcoin, plus you're not even obliged to buy a whole coin.

Bitcoin investment can be started at any time as long as we have more money that we don't know what the destination is for, rather than the money being idle indeed investing in bitcoin is more profitable as long as we are patient waiting for the bullrun to occur. Many people are afraid to buy because the price is getting higher, but they will be disappointed when the price goes higher

isaac_clarke22

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Quote from: bittraffic on August 21, 2021, 12:00:54 PM

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For me, I can afford to have 2 jobs to support myself till the next bull run, which I think will make me richer when it happens. However, there will be a lot of waiting but I wouldn't be regretting once price already up there.

Because it is true. Not everyone has two jobs that can do more than the sustainable level as you and just directly investing to crypto would lead some people to have their emotions. It is not about being pessimistic about the price, but it is all about one's wise decision in investing. You never want your car sold only to invest it all in crypto thinking that you'll just earn a lot within a week, like those 80x that people claim at social media which are lies lies lies.

It's never too late to buy, just don't commit it all to crypto especially Bitcoin, plus you're not even obliged to buy a whole coin.

goldade

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Quote from: Arslan0049 on August 17, 2021, 11:33:09 PM

I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.

But as a dump then came in crypto market, for every investor it was really a great shock.

What you people say about this topic ?
Should we invest just like them or should start with a less amount ?

as Bitcoin came down in past months . it can be a great loss for those who invest madly !

Must drop your suggestion !

One of the earliest things I learnt about investing in bitcoin is that one should only invest the amount of money one can afford to lose. As profitable as investing in bitcoin is over the time, there are usually dumps in the shorter time frame which may result in loss for an investor.
I wouldn't advise that you sell all your assets to invest in Bitcoin. Invest in Bitcoin, alright but don't invest all your assets.

Melody kdl

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I think this is crazy enough. Such people make decisions very decisively and have a very high psychological quality. They are very suitable for investment and will not be affected by emotions.
Everyone has different investment methods or experience. Choose the one that suits you best. Don't imitate others blindly. After all, these are the few that are successful, and the unsuccessful make up the majority. Therefore, start investing as much as possible and do your best.

NathanielParker

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I once remembered a sentence: All great investments begin in disturbing circumstances. The risks of investing in cryptocurrencies are well known, and investing in all assets is really crazy.
First of all, I can't be so decisive, there are only a few people in this world. He is brave and admirable. It is worth it to get such a considerable benefit. His ability to withstand psychological and external pressures to persist for two years is also the difference between him and me.

Rajamuda

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We don't have to hesitate or be inconsistent when investing in Bitcoin, price movements do often experience a downward phase, but there's no need to worry or be afraid, opportunities are still open for long-term investments. Let's thinking about Bitcoin from time to time has proven price movements that tend to increase from year to year because its popularity is very well supported, what's in doubt? we just need to be patient.
I am one of those people who had been successfully invested from 2017 until now I have sold several and have made a very high profit.
Regarding the amount of investment, I think it's better if we don't force ourselves and do invest as much as we can and be smarter in managing our finances.

meanwords

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Quote from: Arslan0049 on August 17, 2021, 11:33:09 PM

I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.

But as a dump then came in crypto market, for every investor it was really a great shock.

What you people say about this topic ?
Should we invest just like them or should start with a less amount ?

as Bitcoin came down in past months . it can be a great loss for those who invest madly !

Must drop your suggestion !

It's because that family is patient and probably knows how the market in cryptocurrency works. In 2019, the marketcap of almost all the coins are insignificant compared to marketcap of the stocks in that year. If you compare them, you could see that cryptocurrencies at that time are much cheaper and could potentially yields a good amount of profit in the future. To be honest, it's not too late to invest right now, as long as you hold long term and can afford to lose the money that you invested in. Look at the marketcaps of the coins today, it's still cheap.

lienfaye

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Quote from: Arslan0049 on August 17, 2021, 11:33:09 PM

Should we invest just like them or should start with a less amount ?

Investing in crypto is very risky there's no guarantee if we're going to earn from it. So the real question is, how much are you willing to risk that its not a pain even you lose it? We have our own way of thinking and there's no need to follow other people's strategy just because they gain huge and lucky that the price reached its peak.

It takes a lot of guts to risk all your assets in bitcoin because worse situation is also possible to happen, so it depends on our trust for bitcoin. Investing with small amount is not bad, its just that its the only amount that you're willing to risk and there's nothing wrong with that.

btc78

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Quote from: Arslan0049 on August 17, 2021, 11:33:09 PM

I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.

But as a dump then came in crypto market, for every investor it was really a great shock.

What you people say about this topic ?
Should we invest just like them or should start with a less amount ?

as Bitcoin came down in past months . it can be a great loss for those who invest madly !

Must drop your suggestion !

You are fool enough if you will invest all your assets in investment that you don't understand and trust .
because for me this is stupidity .

the family invest in bitcoin because they trust the market and they even care holding till the right time to take the profit.

so in here that thing you mentioned about dumping wont cause anything because they are willing to keep waiting and not to care about dumping moment but pure pumping season.

mv1986

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If I were to put all my assets into Bitcoin I would definitely let a doctor put me into coma and tell him that he should only wake me up if Bitcoin hits my target! Cheesy

I am sure that some people grinded hard on Bitcoin with a lot more than they could afford to lose. Winning big that way is certainly a pleasing feeling, but it can also let you age five times faster if things do not go according to plan or not as fast as you would have liked. An all in during the crypto winter in 2018 would have got you in some serios mental trouble. In the end it also depends on your circumstances in life and whether you have family who could suffer from it and so on. Keep it safe or at least not too risky.

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Quote from: kayiboyu on August 22, 2021, 04:51:55 PM

With all of my assets? There is no way that I'm doing such thing. It's just madness, trust me. We always say that you should make an investment which you can afford only. You shouldn't be too unhappy if you lose your money. That's what I mean by saying that you can afford. If you invest all your funds into Bitcoin and it starts going down sharply, you will lose incredible amount of money. Trust me, it is not worth taking this insane risk.

Investing in bitcoin is risky even with a small amount so how much more if you will sell all of your assets for bitcoin. This must have been a big decision making as it will leave your family into hunger once this investment will not work. So i suggest to invest only on your extra money so you won't have to worry much once your investment will suddenly fall. It's okay if you just buy a portion of bitcoin and once you make profits from it, increase your funds for your bitcoin allocation.

Perhaps the US family might have been living in luxury right now after they made huge profits from bitcoin. But i can't imagine if their decision ends up into failure, they might blame bitcoin for all of their losses and sacrifices. That's the time that i should want to avoid as much as i can.

sherenikaw

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basically bitcoin investment is a promising and profitable investment if we can manage our own assets well. we have to understand that the crypto market is up and down and we can learn from it. selling bitcoin at a high price is good but it doesn't mean having to sell all the assets and then just leave it without continuing because the bitcoin investment will continue. if we are stuck and stop in there, namely by selling all assets, then we will only get a moment's profit. but if we can rotate the asset well then it will be more profitable.

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We have our own style of investing and if you think that selling everything will find yourself suitable with the lifestyle that you have to adjust, it is going to depend how you're living your life.
But just because others can invest wholly in bitcoin, are you sure that you can do that to yourself as well? Find the most suitable investing style that you can for bitcoin. There's an easier way of doing it like dollar cost averaging.

Issa56

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Seriously you selling your property and investing in bitcoin or any other altcoin is a very bad Idea but I believe if you are having money is not necessary is a hug amount if money just little is O. K then you can invest and forget about the coin for long time but I think is wrong for you to sell your property or taking loan to invest in Cryptocurrency is very bad.

kayiboyu

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With all of my assets? There is no way that I'm doing such thing. It's just madness, trust me. We always say that you should make an investment which you can afford only. You shouldn't be too unhappy if you lose your money. That's what I mean by saying that you can afford. If you invest all your funds into Bitcoin and it starts going down sharply, you will lose incredible amount of money. Trust me, it is not worth taking this insane risk.

toast

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Quote from: 24Kt on August 20, 2021, 03:55:46 PM

Quote from: toast on August 20, 2021, 01:31:47 PM

Quote from: Coyster on August 20, 2021, 12:48:08 PM

First and foremost, you should not invest like someone else, you should take/make your own decisions in the crypto network via carrying out your own research, that's the only way you can invest right, if you invest only cause someone did and make ROI, you are most likely to lose your funds. Having said that, you really should not be selling properties or taking loans to invest in Bitcoin, it could pay of, but it's way too risky and irrational, you should only invest with your money, and with an amount of your money you wouldn't mind losing, Bitcoin is not a get rich quick asset, and it's ROI is usually in the long run, and it's always good to have that at the back of your mind as you invest.

Very well said. Only investing what you can afford to lose must be applied at all times to prevent the risk of losing everything you have. It is not a wise decision, and even more so to take liabilities in order to make an investment that do not have an assurance in its feasibility to bring back profits. I believe that it is also among the most misconception about bitcoin where people treat it as an instant short-term way to get rich.

A lot of newcomers have the notion that getting into crypto is the easy way to get rich. But come to find out, that there's no easy way to gain huge profits. In this market, it is always better to invest what you can afford to lose because of its nature. Not all traders know what they are doing at the beginning of their journey here. Usually a lot have high hopes to get high returns at short period of time.

One way that I see it why newcomers take it as a door to become rich instantly is because of the advertisement and words they hear from other people. Not to mention that in today’s time the influence of such people and the algorithm of internet itself has a huge role for having such impression.

ene1980

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Quote from: Arslan0049 on August 17, 2021, 11:33:09 PM

I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.

There were many that took the risk and sold everything and invested in Bitcoin and that is a risk majority will not undertake and if they are smart enough to sell at the top then they can make a fortune that they will not be making in any other financial market. Everyone knew that the price would rally but huge respect to those who jumped risking everything as i wont be doing the same.

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Quote from: bittraffic on August 21, 2021, 12:00:54 PM

They always say that you just have to invest what you can afford to lose. But when the time comes that the value of Bitcoin goes high as $64K, they'd wish they give it all by selling their cows and acres of land. That's madness because the opportunity had passed already.

For me, I can afford to have 2 jobs to support myself till the next bull run, which I think will make me richer when it happens. However, there will be a lot of waiting but I wouldn't be regretting once price already up there.

Long-term investment will be more profitable. it takes extra patience to be able to achieve the desired target. Investing what you can afford to lose is something to watch out for. don't use the money you use to survive.

Don't be lulled by the bitcoin prices that are already above. FOMO will provide pain that will last a long time and considerable losses. make a purchase if the price is already below.
to determine when to enter and exit it requires trading knowledge. learning trading knowledge will be very useful and provide certainty of what to do.

Dhoe

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with all your assets, investing in bitcoin is really crazy or profitable,?? Personally, I think this might be too much, because we are too obsessed with finding wealth in an instant, actually we know bitcoin is an investment in the future, if all our assets are stored in bitcoin, we have no more capital for other businesses, if we succeed, it is certain profitable but if we are impatient, and suddenly we need urgent money, of course we will sell our bitcoins, even though the price is dropping, we still have to sell them, because of urgent needs, personally I do not dare to put all my assets in bitcoin, I I will only put part of the treasure that I have..

bittraffic

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They always say that you just have to invest what you can afford to lose. But when the time comes that the value of Bitcoin goes high as $64K, they'd wish they give it all by selling their cows and acres of land. That's madness because the opportunity had passed already.

For me, I can afford to have 2 jobs to support myself till the next bull run, which I think will make me richer when it happens. However, there will be a lot of waiting but I wouldn't be regretting once price already up there.

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